New Ethereum layer 2 network aims to prioritize human users and enhance blockchain efficiency.
Worldcoin, a project spearheaded by Sam Altman, CEO of OpenAI, is set to revolutionize the blockchain space with the launch of its new Ethereum layer 2 network, World Chain, this summer. This innovative platform aims to enhance the efficiency and user experience of blockchain interactions by prioritizing real human users over bots.
World Chain is built on Optimism's OP Stack, a framework known for its scalability and efficiency in handling transactions on the Ethereum network. The primary goal of World Chain is to create a more human-centric blockchain environment. This is achieved by offering verified individuals priority in blockspace allocation and a specific gas allowance, which is crucial for executing transactions on the Ethereum network.
The introduction of World Chain promises several significant improvements over traditional blockchain networks. First, by prioritizing human users, World Chain aims to reduce the influence of bots, which often congest networks and lead to higher transaction fees. Additionally, the network is designed to be open-source and community-governed, aligning with Ethereum's decentralized ethos but with enhanced governance to ensure a user-friendly experience.
Another notable feature of World Chain is its integration with Ethereum, allowing it to leverage the security and robustness of the Ethereum network while operating more efficiently. This integration is crucial for maintaining high security standards while improving transaction speeds and reducing operational costs.
For developers, World Chain offers an exciting opportunity to connect with millions of verified users around the globe. This can dramatically increase the adoption and utility of new applications developed on the blockchain. For users, the benefits include faster transaction times and lower costs, thanks to the efficient use of blockspace and the prioritization of human users.
Moreover, World Chain's commitment to prioritizing real human interactions through advanced verification methods, such as iris scans, adds an additional layer of security and trust to the network. This not only helps in combating fraud but also ensures that the benefits of the blockchain are accessible to genuine users.
